Bitcoin to Drop Down to $3,000?!

The support level for Bitcoin has dropped down below its historical low. Could Bitcoin hit $3,000 before the weekend? Mark will take us through the charts and tell us what to look for.

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Interestingly, the bear flag that we just broke down from, corresponds nicely with the analysis that I gave, calling for the $1175 area. If we use the current bear flagto generate a price target, you can see that it ends up almost exactly at $1175. So, in addition to having a strong argument from the log chart, for why $1175 is in the cards, we now have a bear flag breakdown, with a price projection that puts us around $1175 as well. When multiple technical indicators on a chart, point toward a similar price target, it increases the technical likelihood that the target will actually be reached. In essence, this is due to the fractal nature of market price action.

I keep telling you guys this sort of technical analysis doesn’t work. You’re trying to treat this as if it was an equity traded on the stock market in which an individual actually owns a portion of the company. Technical analysis on cryptocurrency is merely just pretending and creating content for a YouTube channel.

Organic FUD you are absolutely correct but YouTube content must be created to support the channel. Again, technical analysis does not work for these things they call crypto. But people will jump in and argue and tell me how wrong I am even though I’ve been preaching this since January of 2018 to take your money and run. They will keep telling you it’s a buying opportunity or starting tomorrow Black Friday sale. That’s a funny one Black Friday sale right?

I have to unsubscribe to this channel the YouTube content is pure BS. everybody felt as though they had a special connection to crypto and they were experts because of their price predictions in 2017. The bottom line was you could throw a dart at the wall and make a good price prediction in 2017. There are no experts in this market and it is imploding. PERIOD.

+BTC STACKER Why? With money you make money. I personally would love to see Bitcoin back at 20000, but it is their bitcoin and they can do whatever they want with it. Just try to play the game and be profitable by going with the trends. Day trading is very profitable the last few days for me. Make the best of the situation you are given.

Call it like I see it I remember when he was pushing that last year and I looked it up and was telling people in the comments that it was BS. It seemed so obvious that the project was baloney but, everyone was just looking at price and price movement.

I’ve returned to this Channel for the first time since February. I got out of Crypto in January. I took my modest gains and exited. I decided I would just observe Crypto on rare occasion afterward. Looks like I did. the right thing. 😆